Restricted Purposes Company

A Restricted Purposes Company is a corporate entity that is designed to act as a special purpose vehicle.

A Restricted Purposes Company is a company limited by shares whose memorandum states – (a) that the company is a restricted purpose company; and (b) the purpose or purposes for which the company is incorporated.

Restricted Purposes Company are predominantly used for specific purpose. Persons carrying out business with a Restricted Purposes Company have the additional layer of comfort that the company may not engage in any activity that is outside its stated purpose. The restriction on the company activities as stated in its memorandum is binding on the company, its shareholders and its directors.

A company that is not registered as a Restricted Purposes Company on its incorporation, continuation or re-registration shall not subsequently be registered as a Restricted Purposes Company.

RAK ICC Website Updates
Step Asia 2019
RAK ICC Updates - Step Asia 2019
November 11, 2019
Meet The Registry Event – 23 October 2019
RAK ICC Updates - Meet The Registry Event – 23 October 2019
October 24, 2019
RAK ICC Updates - RAK ICC Facilitates International Trade and Commerce 1.How RAK ICC is positioning itself as a premium international jurisdiction? The first steps
September 30, 2019
RAK ICC Updates - INTAX CONFERENCE MOSCOW 2019
September 24, 2019
News & alerts
RAK ICC Updates - The Ras Al Khaimah-based corporate registry, RAK ICC, has unveiled three new board members, tasked with spearheading the organisation’s
September 11, 2019